K-Green: Revenue for full year at $65.8m with net profit at $9.5m. Quarterly revenue at $22.8m -12.6% qoq and net profit at $4.1m -5.7% qoq. DPU of 4.31 cents was 10.2% than co’s forecast of 3.91c for 2H10. Annualised yield is at 7.9% based on 31 Dec 2010 closing price of $1.07…
Book closure date for distribution on 25 Feb 2011. While rev was 22.1% lower than forecasted due to delay in works for co’s Senoko Waste-to-Energy plant, DPU was higher than expected. Co is looking to add more assets to its portfolio of 3 plants, Senoko WTE, Tuas WTE and its Ulu Pandan NEWater plants, from Asia, Europe and Middle East. Given a yield of 7.9%, co may find it difficult to acquire utility assets which are accretive.
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